Information Systems, Data Management, Financial

Definition : Data management information systems designed to record, process, and display financial data of a healthcare facility. These systems consist of hardware, including computerized workstations and peripheral devices (e.g., high-capacity storage devices) that are usually connected as a local area network (LAN), as well as software specifically intended for financial data collection, analysis, and budget strategy. These systems can automate procedures such as general and/or project accounting, invoice payments, leasing, and expense accounting. Financial data management information systems facilitate the analysis, planning, and forecasting of healthcare facility finances; dedicated systems and/or software intended to manage accounts receivable/payable, financial analysis/planning, and ledgers are also available. Financial information systems may function as stand-alone systems or may be integrated in a hospitalwide data management information system network.

Entry Terms : "Financial Information Systems" , "Financial Data Management Systems" , "Leasing Information Systems" , "Accounting Information Systems" , "Payment Information Systems"

UMDC code : 22503

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